Fiscal PolicyNews
World Bank Approves $100 Million Grant to Rebuild Syria's Financial System After 14 Years of Conflict
- ▸The World Bank's Board of Executive Directors approved a $100 million International Development Association (IDA) grant on August 6, 2026 to modernize Syria's financial sector, the Bank announced August 7.
- ▸The Syria Financial Sector Modernization Project targets a financial system the Bank describes as "small, bank-centric, and heavily reliant on cash" after 14 years of conflict, funding core payment infrastructure, central bank IT and cybersecurity, and system-wide bank asset quality reviews.
- ▸The project aims to enable at least 15 million electronic retail payments a year and get at least 500,000 people and businesses — including 150,000 women — actively using the digital payment systems it supports.
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
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Primary Sources
World Bank GroupSyria: World Bank Approves US$100 Million Grant for Financial Sector Modernization2026-08-07
Cite This Article
EconoLens Editorial Team. (2026, August 18). World Bank Approves $100 Million Grant to Rebuild Syria's Financial System After 14 Years of Conflict. EconoLens. https://www.econolens.co.in/news/world-bank-syria-financial-sector-grant-2026
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EconoLens Editorial Team
Economics Journalism, Global Macro Research
The EconoLens editorial team covers global macroeconomics, monetary policy, fiscal policy, and international trade. All content is AI-assisted and fact-checked.
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